Shipping Corporation of India Ltd. v. Dy CIT(LTU) (2022)96 ITR 32 (SN) (Mum) (Trib)

S. 115JAA : Book profit-Deemed income-Tax credit-Matter remanded for verification.

Tribunal  held that payment of the taxes and allowing of credit thereon was a matter for verification by the Assessing Officer and the Assessing Officer was to verify and if the assessee was eligible for credit of taxes in the year under consideration under minimum alternate tax paid in earlier years, the claim of the assessee shall be considered in accordance with law. (AY.  2014-15)